Credit Risk Analyst

Staff Credit Risk Analyst

Monzo Bank

Location:

London or Remote (UK) | Salary: £120,000 - £150,000 + Options + Benefits

We’re on a mission to make money work for everyone.

We’re waving goodbye to the complicated and confusing ways of traditional banking.

After starting as a prepaid card, our product offering has grown a lot in the last 10 years in the UK. As well as personal and business bank accounts, we offer joint accounts, accounts for 16‑17 year olds, a free kids account and credit cards in the UK, with more exciting things to come beyond. Our UK customers can also save, invest and combine their pensions with us.

With our hot coral cards and get‑paid‑early feature, combined with financial education on social media and our award‑winning customer service, we have a long history of creating magical moments for our customers!

We’re not about selling products – we want to solve problems and change lives through Monzo ❤️.

Our Borrowing (lending) business is growing rapidly across existing products and the planned launch of new initiatives. We aim to create a genuine feel‑good factor when it comes to personal credit and are looking for driven, analytical and creative individuals to help us achieve this goal.

We’re expanding our team to support future growth ambitions. The Staff Credit Risk Analyst will help drive the credit and growth strategy across Borrowing, starting with our Flex product – where we’re reinventing credit cards to give customers more visibility and control over their spending. Over time, the remit will expand to cover other areas of Borrowing.

• Lead on strategically important problems, applying judgement in areas of organisational or technical complexity.
• Act as a role model within Data, contributing to discipline‑level strategy and sponsoring data‑wide projects.
• Share expertise generously, mentoring colleagues to build their skills and understanding while contributing to the growth and development of the team.
• Work closely with Flex squad leadership to develop and execute an ambitious growth strategy for Flex.
• Lead and coach others to develop credit and pricing strategies for our growing range of Flex products and distribution channels.
• Collaborate with engineering, marketing, product, risk and control to design and deliver new products, features and customer journeys.
• Collaborate with the machine learning team to maximise value from internal and external data through cutting‑edge ML models.
• Promote a culture of proactive, high‑quality analysis and provide thought leadership to drive forward our vision of building a best‑in‑class credit function.

• You have extensive experience in unsecured lending, ideally including credit cards.
• You have a deep understanding of lending economics and have experience developing and deploying underwriting strategies and credit models.
• You have very strong analytical and data capabilities, backed up by technical coding skills. SQL is a must‑have, Python and Looker experience is a plus.
• You have a strong understanding of the regulations that apply to lending in the UK.
• You thrive in a fast‑paced environment and are keen for the chance to improve our products and help ship changes to customers.
• You are a strong communicator, able to cut through complex problems and articulate decision points, particularly to senior leadership.
• You have experience in project management and coordination across teams.
• You have a track record of upskilling others through technical coaching.
• You are highly motivated and energised by the idea of bringing a positive impact to our customers and Monzo.

• Recruiter call
• Initial call with the hiring manager
• Final loop of interviews meeting the team

Our average process takes around 3‑4 weeks, but we will always work around your availability.

• We can help you relocate to the UK.
• We can sponsor visas.
• This role can be based in our London office, but we’re open to distributed working within the UK (with ad‑hoc meetings in London).
• We offer flexible working hours and trust you to work enough hours to do your job well, at times that suit you and your team.
• Learning budget of £1,000 a year for books, training courses and conferences.
• ➕And much more, see our full list of benefits.

We’re an equal opportunity employer. All applicants will be considered for employment without attention to age, ethnicity, religion, sex, sexual orientation, gender identity, family or parental status, national origin, or veteran, neurodiversity or disability status.

If you have a preferred name, please use it to apply. We don’t need full or birth names at application stage 😊.

Mid‑Senior level

Full‑time

Finance and Sales

Banking